Glynn County Warehouse Investment
For Sale
$485,000
120 Shell Drive, Brunswick, GA 31520
3,600 SF warehouse on 1-acre lot with credit tenant.
Property Size3,600 SF
Lot Size1.00 Acre
Price / SF$134.72
Days on Market253
Property Features for 120 Shell Drive
General Information
Standard status
Active
Size
3,600 SF
Lot size
1.00 Acre
Property subtype
Industrial
Listing Agency:
Newmark Phoenix Realty Group | St. Simons Island
Listed By:
Luke Jackson · License #429913
(912) 268-4069
Source:
Nmrk
Added: Jan 27
Changed: Oct 6
Last Checked: Oct 5 at 4:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark Phoenix Realty Group | St. Simons Island
Investment Insights
Based on property information with market context.
This property presents an investment opportunity with a credit tenant in place. It features a ±3,600 square foot warehouse situated on a 1-acre lot. The property is located in central Glynn County and is zoned Limited Industrial (LI). The property includes 8 truck doors and is currently under a new 5-year NNN lease.
Key Highlights
- New 5‑year NNN Lease in place.
- Credit Tenant ensures reliable income.
- 8 Truck doors for efficient operations.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,446
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,920
$428.9K
Cap Rate 7%
$306,371
$306.4K
Cap Rate 9%
$238,289
$238.3K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$26.8K $7.44/SF
− Vacancy
−$1.6K −$0.43/SF
EGI
$25.2K $7.01/SF
− OpEx
−$3.8K −$1.05/SF
NOI
$21.4K $5.96/SF
Area
Glynn County, GA
Vacancy
5.80%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,920
Cap Rate 7%
$306,371
Cap Rate 9%
$238,289
Alternative Uses
Best Use
Warehouse
$306.4K
$268.1K – $357.4K
NOI $21,446 @ 7.0% cap · market cap 4.42%
Second Best
Industrial
$234.3K
$205.0K – $273.3K
NOI $16,399 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$747.1K
$653.8K – $871.7K
NOI $52,300 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 31520, GA
22,726
Population
10,619
Households
2.1
Avg Household Size
39
Median Age
16%
College-Educated
84%
High-School Grad
20.1 sq mi
ZIP Area
1,131
Density / Sq Mi
$37,652
Median Household Income
$26,292
Median Earnings
$936
Median Rent
$135,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - 3,600 SF warehouse on 1-acre lot with credit tenant.
Where is this warehouse located?
The property is located at 120 Shell Drive Brunswick, GA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: New 5‑year NNN Lease in place.; Credit Tenant ensures reliable income.; 8 Truck doors for efficient operations.
